PITTSBURGH (KDKA) – Japan's prime minister is scheduled to speak before a joint session of Congress as there are bipartisan concerns over the proposed takeover of US Steel by Nippon Steel, Japan's largest steelmaker.
Congressman Chris DiLuzio (D-Aspinwall) says his guest will be Rob Jones, a US Steel employee, at the joint session.
“We see national security risks here,” Rep. DiLuzio said during an interview with KDKA-TV's Jessica Guay. “We will continue our public drumbeat to make sure there is no deal that jeopardizes Western Pennsylvania jobs or local control of the steel industry, something we need for defense and many other purposes.”
Last month, President Biden publicly questioned the matter Acquisition of the company And the The steelworkers' response was positive.
Senator Bob Casey and Senator John Fetterman They also expressed their opposition to the proposed sale, citing the need to protect union jobs.
Late last year, US Steel and Nippon Steel announced an all-cash deal worth about $15 billion.
As part of the agreement, US Steel, founded in 1901 by Andrew Carnegie, J.P. Morgan and Charles Schwab, will retain its famous name and headquarters in Pittsburgh, the companies say.
The proposed deal is likely to become a political issue for the state in the future Presidential election because Pennsylvania is a key battleground state.
Former President Donald Trump has already pledged to stop the deal if elected.
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